The Deal Sheet
|Lee & Associates has completed a five-year lease for a 305k SF industrial building at 1365 Mitchell Blvd. in Schaumburg.|
|Lee's Jim Planey and Jeff Janda repped the landlord, ProLogis. The tenant, JIT Packaging, was represented by Jones Lang LaSalle's Frank Griffin and Dominic Carbonari.|
Kiser Group was recently hired by RBS Citizens/Charter One Bank to market a portfolio of mortgage loans secured by investment properties in Chicagoland. Kiser Group sold and closed 72 individual mortgage loans secured by 58 properties in the Chicago area, comprising more than 1,300 multifamily rental units. There were 12 separate buyers involved in these transactions.
CBRE's sale leaseback and net leased properties group repped KS Coatesville PA in the sale of a new 20-Year NNN lease, a 150k SF freezer/cooler distribution center at 201 Waverly Blvd, Coatesville, Pa. A private investor purchased the facility for $26M.
CBRE repped IFA III 88th Ave. LLC in the sale of 10100 88th Ave. in Pleasant Prairie, Wis. Rolfs Baking Co. purchased the 57k SF industrial manufacturing building for an undisclosed price. Asking price was $3.7M. CBRE's Keith Puritz, Brett Kroner, Ryan Bain, and Zach Graham repped the seller in the transaction, while Paine/Wetzel's Theresa Gleason negotiated on behalf of the buyer.
Titan Commercia l completed a 10k SF lease at 1806 S. Highland Ave. in Lombard. Titan's Ben Rosenfield repped the tenant, Health Resource Solutions, and assisted in its relocation. Cawley Chicago Commercial Real Estat e repped the tenant, StoneCreek Properties.
Barbara's Bookstore has signed a lease at Burr Ridge Village Center, a 20-acre lifestyle center in Burr Ridge owned by Opus North Corp. The 7k SF is currently under construction and slated to open this month, with a portion of it commissioned to be a 2.5K SF community/reading room to be completed by December 2010. Barbara's Bookstore will be located at 810 Village Center Dr.
Ryan Turner and Corey Siegrist have joined JLL's tenant rep group, Ryan as a VP and Corey as an associate. They join the company from Newmark Knight Frank's Chicago office where they partnered to provide commercial real estate solutions to clients across a wide breadth of industry sectors.